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The
Dear <<Insert Name>>,
As a valued agent of The Select Company,
we wanted to inform you of some changes to The Select Dental
Plan.
The United Association of Small Business and
Select Dental Plan were given a modest rate increase for the
fiscal year July 1, 2006 through June 30, 2007. Reliance Standard
Life (“A” rated by A.M. Best) has informed our
group that there were significant claims with our clients
that were transferred from our previous insurance company.
The original block of business did not have a waiting period
for major dental procedures. As a result, the loss ratio for
the entire group was well in excess of a 100% Loss Ratio.
Since July 1, 2005 The Select Dental Plan has had a 6-month
waiting period for major procedures and the trend is moving
in a favorable direction. Due to our excellent relationship
with Reliance Standard Life, they have minimized our annual
group rate increase.
Reliance Standard Life has guaranteed
these rates for the next 12 months, effective July 1, 2006.
NOTE: The Value Dental Plan will not be affected
by a group rate increase at this time. The Value Dental Plan
has a 12-month waiting period for major procedures.
Please review the enclosed letter that was sent
to all Select Dental Plan members for important changes.
All Select Company products will have a $20
non-refundable enrollment fee for effective dates of July
1, 2006 and thereafter.
This modest rate increase, the short waiting
periods, and one of the best online Internet systems in the
country will solidify The Select Dental Plan’s strong
position in the marketplace for years to come.
Sincerely,
The Select Company Inc.
P.O. Box 61633
North Charleston, SC 29419
Phone: 843-225-9040
Fax: 843-225-9042
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